HANOI, Feb 21 — Vietnam will impose a temporary anti-dumping levy of up to 27.83 per cent on some hot-rolled coil steel products originating from China, the trade ministry said today.
The tariff is expected to take effect from March 7 and will be in place for 120 days, the ministry said in a statement seen by Reuters.
Among companies hit by the duties are Baoshan Iron & Steel and Maanshan Iron & Steel.
Vietnam launched an anti-dumping investigation in July following complaints from Vietnamese producers.
China’s ministries of commerce and foreign affairs did not immediately reply to faxed requests for comment after business hours.
Hanoi’s move comes after the United States administration announced 25 per cent tariffs on all its steel imports earlier this month, which would take effect on March 4.
The US already imposes anti-dumping duties on multiple Vietnamese steel exports and producers, in some cases even higher than 25 per cent.
It is unclear whether US duties on Vietnam’s steel would be applied on top of existing anti-dumping measures.
— Reuters
